SEACREST SCHOOL INC (EIN 592311341) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

DAVID MAHLER

Phone

2397931986

Tax Period

2023-07-01 to 2024-06-30

SEACREST SCHOOL INC, founded in 1983, is a mid-sized nonprofit in the Education sector that reported $13.1M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $12.2M left a modest 6% surplus.

Mission

TO EDUCATE CHILDREN IN AN ENVIRONMENT THAT MAINTAINS HIGH EXPECTATIONS FOR INTELLECTUAL ACHIEVEMENT. CHILDREN ARE TAUGHT TO STRIVE FOR A HEALTHY BALANCE OF GOOD HEALTH, HARD WORK, AND SATISFYING RECREATION. IN ADDITION TO ACADEMIC SUBJECTS, TECHNOLOGY, AND BASIC SKILLS, SEACREST SCHOOL EMPHASIZES THE ARTS, PHYSICAL EDUCATION, SOCIAL AWARENESS, RESPECT FOR THE ENVIRONMENT AND CULTURALLY ACCEPTED VALUES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,655,601

Program Service Revenue $9,322,608

Investment Income $0

Other Revenue $84,137

TOTAL REVENUE $13,062,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,349,875

Fundraising Expenses $499,276

Program Expenses $9,623,245

Other Expenses $4,890,065

TOTAL EXPENSES $12,239,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,062,346	$10,459,616	+0.2%
Expenses	$12,239,940	$11,075,805	+0.1%
Net Income	$822,406	$-616,189	-2.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

135

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARYZOE BOWDEN	TRUSTEE	4.00	Director	$0	$0	$0
ANTHONY CASSANO	TRUSTEE	4.00	Director	$0	$0	$0
SUSAN HASSAN-SCHREIBER	TRUSTEE - SECRETARY	4.00	Officer Director	$0	$0	$0
DEBRA HUBER	TRUSTEE	4.00	Director	$0	$0	$0
NICHOLAS GIALAMAS	TRUSTEE - VICE CHAIR	4.00	Officer Director	$0	$0	$0
MADISON HUNT	TRUSTEE	4.00	Director	$0	$0	$0
AMEDEO SAVORETTI	TRUSTEE - TREASURER	4.00	Officer Director	$0	$0	$0
JOANN TALANO	TRUSTEE	4.00	Director	$0	$0	$0
SHAN O'FEE-BYROM	TRUSTEE - BOARD CHAIR	4.00	Officer Director	$0	$0	$0
JENNIFER THEEL	ASSOCIATE HEAD OF SCHOOL	40.00	Highest	$121,000	$1,129	$122,129
WILLIAM CARUFE	DIRECTOR OF ATHLETICS	40.00	Highest	$114,100	$5,846	$119,946
STEVEN CARUSO	FORMER HEAD OF SCHOOL	40.00		$220,862	$7,822	$228,684

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$13,062,346	$12,239,940	$29,785,238	$822,406
2023	$10,459,616	$11,075,805	$28,147,139	$-616,189
2022	$9,805,449	$9,389,832	$26,797,142	$415,617
2021	$8,468,653	$7,509,890	$26,519,069	$958,763
2020	$9,326,451	$8,554,724	$25,597,155	$771,727
2019	$7,541,323	$9,161,936	$25,239,504	$-1,620,613
2018	$11,204,856	$9,307,954	$25,962,009	$1,896,902

SEACREST SCHOOL INC